Layer-2 Scaling Solution Shibarium’s Record Number of Transactions

Crypto News – Processing an astounding 7.4 million transactions in a single day is a record set by Shibarium, the Layer-2 scaling solution for the cryptocurrency Shiba Inu.

Layer-2 Scaling Solution Shibarium’s Record Number of Transactions

The platform handled more than 12.5 million transactions in just two days, and this milestone is part of a larger upsurge. For a network that just a few weeks ago looked to be inactive or even dead, this is a huge reversal.

With about 35,000 transactions on Tuesday and over 29,000 on Wednesday, the network has seen an astounding volume of transactions in the last few days. Since October 25, when Shibarium handled a record 62,000 transactions, this activity peak has been the largest since that day.

Shibarium had been acting more active earlier in the month, but this last surge is far more than anticipated. With the platform’s previous setbacks, including days with fewer than 10,000 transactions, its comeback is especially remarkable.

SHIB Price Has Not Changed Much

The euphoria around Shibarium hasn’t resulted in a substantial increase in the value of SHIB, despite its outstanding performance. Over the past day, the price of the second-largest coin of its sort, meme, has only slightly increased by 6.27%.

SHIB is currently trading at $0.00000901 with a 24-hour trading volume of $621.46, according to market statistics. Despite its impressive accomplishments, Shibarium’s market capitalization and spot-on investor watch lists have not changed significantly.